MobileIron Inc. (MOBL) Sees Large Volume Increase
Shares of MobileIron Inc. (NASDAQ:MOBL) saw unusually-strong trading volume on Tuesday . Approximately 303,053 shares traded hands during mid-day trading, an increase of 52% from the previous session’s volume of 198,892 shares.The stock last traded at $3.14 and had previously closed at $3.26.
Several equities analysts recently commented on MOBL shares. Wunderlich reissued a “buy” rating and issued a $7.00 price objective (down previously from $9.00) on shares of MobileIron in a research note on Friday, April 29th. Imperial Capital decreased their price target on shares of MobileIron from $5.50 to $4.50 and set an “outperform” rating for the company in a research report on Thursday, May 12th. Raymond James Financial Inc. restated a “buy” rating on shares of MobileIron in a research report on Thursday, June 2nd. Finally, Barclays PLC cut shares of MobileIron from an “overweight” rating to an “underweight” rating and decreased their price target for the company from $6.00 to $3.00 in a research report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. MobileIron currently has a consensus rating of “Hold” and an average target price of $5.40.
The stock’s market capitalization is $229.17 million. The firm has a 50 day moving average of $3.28 and a 200-day moving average of $3.57.
MobileIron (NASDAQ:MOBL) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.01. The firm had revenue of $38.90 million for the quarter, compared to analysts’ expectations of $37.94 million. During the same period in the prior year, the firm posted ($0.25) EPS. MobileIron’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts anticipate that MobileIron Inc. will post ($0.43) EPS for the current year.
MobileIron, Inc, formerly Mobile Iron, Inc, provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Company offers its customers the flexibility to use its software as a cloud service or to deploy it on premise.
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